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Vantage however saw revenues climb by nearly a third, 31 per cent, on last year. Advisory division revenue rose 31 per cent to £3.8m and the discretionary divisions’ revenue increased 32 per cent to £2.5m. The company says the increased revenue was driven by rising average asset values.

New Isa contributions also rose by 2 per cent to £430 million, according to the interim management statement released on Wednesday.

Hargreaves Lansdown chief executive Peter Hargreaves says: “It is pleasing to report that despite the market creating poor trading conditions for the tax year ended 5th April 2008, we have taken more into our Isa and our Sipp than in the previous year.

He adds: “We expect market conditions to remain challenging but will continue to innovate and exploit any opportunities the market presents. As always, our asset values, revenues and profitability will be impacted by the performance of the market.”

Nearly three-quarters of politicians have no experience in business management or financial services, according to Parliamentary research.A study by research consultancy ComRes found that 72 per cent of MPs have never worked in business or financial services while only 21 per cent have more than five years experience and 13 per cent have 10 years […]

The mortgage industry is not in the business of offering charity. There is regulation to be adhered to, there are customers or clients – take your pick of the terminology – to be served and serviced. There is money to be made within the law and within regulations.

The UK Pensions Awards shine the light on excellence and recognise the advisers, providers and investment managers that offer the highest level of innovation, performance and service to occupational pension schemes and their members. This year’s awards looked at advisers and providers across 31 different categories and were rigorously judged by a panel of senior […]

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19th November 20182:58 pm

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